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Bermai receives $12M financing

PALO ALTO, Calif.-Bermai Inc. said it has received a $12 million B round of financing to support delivery of the company’s 802.11x chipset portfolio starting in the third quarter of this year.

“With this investment, Bermai will complete its transition from a development company into a fast-growing revenue company,” said Bruce Sanguinetti, president and chief executive officer of Bermai.

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